Raymond James & Associates Has $665,000 Stock Position in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST)

Raymond James & Associates raised its holdings in shares of Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) by 105.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,844 shares of the company’s stock after buying an additional 16,349 shares during the quarter. Raymond James & Associates’ holdings in Columbia Multi-Sector Municipal Income ETF were worth $665,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MUST. Private Trust Co. NA bought a new position in Columbia Multi-Sector Municipal Income ETF during the third quarter worth $143,000. Global Wealth Strategies & Associates increased its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 7.5% during the 3rd quarter. Global Wealth Strategies & Associates now owns 87,031 shares of the company’s stock worth $1,697,000 after purchasing an additional 6,065 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 266,433 shares of the company’s stock valued at $5,195,000 after buying an additional 31,659 shares during the last quarter. Moneywise Inc. lifted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 13.1% in the third quarter. Moneywise Inc. now owns 415,315 shares of the company’s stock valued at $8,099,000 after buying an additional 48,226 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Columbia Multi-Sector Municipal Income ETF by 20.7% in the third quarter. Janney Montgomery Scott LLC now owns 58,940 shares of the company’s stock valued at $1,149,000 after buying an additional 10,095 shares during the period.

Columbia Multi-Sector Municipal Income ETF Stock Performance

Shares of MUST opened at $20.49 on Thursday. The stock’s 50-day moving average price is $20.63 and its 200 day moving average price is $20.38. Columbia Multi-Sector Municipal Income ETF has a 12-month low of $19.17 and a 12-month high of $20.92.

Columbia Multi-Sector Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.0557 dividend. This is a positive change from Columbia Multi-Sector Municipal Income ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, April 1st.

Columbia Multi-Sector Municipal Income ETF Company Profile

The Columbia Multi-Sector Municipal Income ETF (MUST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with fixed-weight exposure to multiple sectors of the US municipal bond market. Each sector is market-value weighted. MUST was launched on Oct 10, 2018 and is managed by Columbia.